Economics

Time Running Out to Save Iran Deal as Rouhani Heads to Alps

  • Iranian president visiting Switzerland and Austria this week
  • France, Germany and U.K. face ultimatum to save nuclear deal
Can Rouhani save Iran’s nuclear deal? Bloomberg’s Ladane Nasseri reports.(Source: Bloomberg)
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Iranian President Hassan Rouhani goes to Switzerland and Austria this week with the landmark nuclear accord negotiated in the two Alpine countries hanging in the balance.

The state visits to Bern on Tuesday and Vienna on Wednesday are likely to be Rouhani’s last before President Donald Trump begins reimposing sanctions on the Islamic Republic Aug. 6. Iran has pledged to resume its nuclear activities, and follow the U.S. out of the deal, unless France, Germany and the U.K. come up with guarantees to ensure investment and trade continue. Austria has just assumed the rotating European Union presidency.